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After Apple announced record March quarter earnings of $11.6billion, Wall Street watchers responded enthusiastically, with oneanalyst calling it proof of the beginning of an "internationalgrowth story" for the company. The Cupertino, Calif., company reported a 94 percent rise inprofits year over year for its second quarter of fiscal 2012 onsales of 35.1 million iPhones, 11.8 million iPads and 4 millionMacs. The results were enough to give Apple its second-best quarterever, behind only the most-recent holiday quarter. Though analysts noted Apple's conservative guidance for the Junequarter, they were generally upbeat about the company's futureprospects, especially in international markets like China. Piper Jaffray In a note to investors late Monday, Gene Munster wrote that Apple'searnings beat was "proof that international growth story is justbeginning." He pointed to the fact that iPhone sales in GreaterChina were up five times the year ago quarter as a key piece ofevidence for this assertion. "Our confidence that Apple can win with an iPhone in emergingpre-paid markets is greater than ever," he said. Piper Jaffray adjusted its iPhone estimates to account for anexpected October launch of the 2012 model, as previous estimateshad reflected an August launch. The firm believes Apple will reportshipments of 29 million iPhones in the June quarter. Munster also noted that Apple has plenty of room for iPhone growthat home. He expressed belief that Apple's start of the smartphonemarket at carriers Verizon and AT&T could climb to 80 percent inthe next year, up from 64 percent last quarter. Apple is alsoexpected to benefit from the continued growth of total smartphonesales as consumers increasingly switch over from feature phones. Morgan Stanley Analyst Katy Huberty told investors that Apple'sbetter-than-expected results should return the focus to "upcomingproduct cycles and expanding China distribution." Huberty said Apple's June quarter guidance implies shipments of25-28M iPhones during the period. She lowered the firm's June andSeptember quarter iPhone estimates to 27M and 26M, respectively,while noting that the sequential downtick is to be expected. An 11 percent sequential increase in R&D expenses is a sign of"increased investments in new products," according to Huberty. "Thelast periods that Apple posted R&D growth this much above normalseasonality was two years prior to iPad introduction and 18 monthsprior to iPhone introduction," she said. After extrapolating Apple's China revenue, the analyst projectedthat Apple's sales in the region could surpass the U.S. by the endof calendar 2013. Apple CEO Tim Cook revealed during a conferencecall on Tuesday that revenue in Greater China reached a record $7.9billion, up three times from a year ago. "It is mind-boggling that we can do this well," Cook said. Apple began selling the iPhone 4S in China in January. The company also added itssecond carrier in the country in early March after China Telecom began selling the handset. We are high quality suppliers, our products such as Led Ceiling Lamp , T8 LED Tube Light for oversee buyer. To know more, please visits Recessed Led Down Light.
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